Walmart Vriddhi makes new pledge to MSMEs

Walmart's supplier development initiative, Walmart Vriddhi, has announced a new partnership with the Ideas to Impact Foundation (i2i) to support 100,000 additional micro, small and medium enterprises in India over the next three years.
The expanded initiative will leverage Walmart's global supply chain experience and Flipkart's digital commerce ecosystem to help MSMEs scale their businesses nationally and internationally, the business announced in a press release. So far, Walmart Vriddhi has trained more than 70,000 MSMEs, enabling many to achieve around 55% year-on-year growth through personalised mentorship, strategic partnerships and digital tools.
'We are constantly inspired by India's vibrant innovation ecosystem and the growth potential of its MSMEs,' said Jason Fremstad, senior vice president of supplier development at Walmart in a press release. 'As we enter the next phase of Walmart Vriddhi, we're empowering MSMEs with new tools for digital growth, sustainability and export readiness.'
The programme also facilitates access to the Walmart Marketplace and Flipkart Marketplace, helping small businesses participate in global and domestic e-commerce. New memorandums of understanding with state governments, including Haryana, are expected to expand outreach.
Flipkart Group's Rajneesh Kumar said the partnership reflects an ongoing commitment to making digital commerce more accessible to India's small business community. The programme, launched in 2019, aims to equip entrepreneurs with critical business skills and market access through a free training model.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Fashion Network

6 hours ago

• Fashion Network

Walmart Vriddhi makes new pledge to MSMEs

Walmart's supplier development initiative, Walmart Vriddhi, has announced a new partnership with the Ideas to Impact Foundation (i2i) to support 100,000 additional micro, small and medium enterprises in India over the next three years. The expanded initiative will leverage Walmart's global supply chain experience and Flipkart's digital commerce ecosystem to help MSMEs scale their businesses nationally and internationally, the business announced in a press release. So far, Walmart Vriddhi has trained more than 70,000 MSMEs, enabling many to achieve around 55% year-on-year growth through personalised mentorship, strategic partnerships and digital tools. 'We are constantly inspired by India's vibrant innovation ecosystem and the growth potential of its MSMEs,' said Jason Fremstad, senior vice president of supplier development at Walmart in a press release. 'As we enter the next phase of Walmart Vriddhi, we're empowering MSMEs with new tools for digital growth, sustainability and export readiness.' The programme also facilitates access to the Walmart Marketplace and Flipkart Marketplace, helping small businesses participate in global and domestic e-commerce. New memorandums of understanding with state governments, including Haryana, are expected to expand outreach. Flipkart Group's Rajneesh Kumar said the partnership reflects an ongoing commitment to making digital commerce more accessible to India's small business community. The programme, launched in 2019, aims to equip entrepreneurs with critical business skills and market access through a free training model.

Euronews

13-06-2025

• Euronews

How the Mashouf sisters are turning CO₂ into textiles

Every year, the global textile industry contributes billions of tonnes of CO₂ to the atmosphere. In response, twin sisters Neeka and Leila Mashouf, 28, have developed an innovative process that transforms carbon emissions into biodegradable fibres, creating a sustainable alternative to traditional manufacturing. Their startup, Rubi, is built around a proprietary enzymatic system that mimics how trees absorb CO₂ and turn it into cellulose – only here, the process happens in a chemical reactor. Their breakthrough has won them a place among the Tomorrow Shapers of the Young Inventors Prize 2025, awarded by the European Patent Office. 'Our invention uses a special sequence of enzymes, which are like nature's chemical engineers, to transform CO₂ into stringy polymers like cellulose, which we use to make fibres, yarns and fabrics,' says Neeka. 'We developed this technology to solve what we saw as the most important global problem.' Unlike conventional carbon conversion technologies that rely on fermentation or thermochemical systems – both of which are energy intensive and costly – Rubi's method is scalable and low-impact. The enzymes operate under ambient conditions and require ten times less energy, enabling CO₂ to be converted into material inputs with minimal environmental strain. These inputs can then be integrated into existing textile supply chains, helping brands lower their carbon footprints without overhauling their infrastructure. The company is already piloting its materials with Walmart, Patagonia, and H&M, demonstrating a market-ready application that could transform not just fashion, but multiple industries reliant on cellulose-derived products. Raised in California's San Francisco Bay Area, the sisters grew up surrounded by nature – and entrepreneurship. Their early exposure to the fashion industry, combined with a deep passion for science, laid the foundation for Rubi. By the age of 15, they were already publishing scientific research and working in university labs. Neeka pursued materials science and business, while Leila earned a medical degree from Harvard, focusing on bioengineering and enzymatic systems. In 2021, they brought their disciplines together to found Rubi, with the mission of making manufacturing compatible with the planet. 'Rubi is creating a new paradigm where manufacturing can thrive while preserving natural resources and advancing climate goals,' Leila explains, adding that, at a basic level the enzymes are 'like a little Pacman'. 'They eat molecules and spit them out into something a little bit different,' she describes. The impact of Rubi doesn't stop with the fashion industry. The potential for CO₂-derived cellulose reaches across sectors – packaging, pharmaceuticals, cosmetics, food applications, and even building materials – where carbon-intensive methods dominate. By licensing their technology, the Mashouf sisters aim to scale rapidly and empower other manufacturers to shift toward sustainable production. 'We've proven that CO₂ can be a valuable resource rather than a harmful waste product,' says Neeka. 'I'm honoured to work together with my sister as we pioneer the next era of abundance with reinvented manufacturing systems.' In the hands of the Mashouf sisters, carbon is no longer just a challenge, but a raw material for change. In 2022, the world made the groundbreaking commitment to protect at least 30 per cent of all land and sea by 2030. But, as the vital role of oceans in fighting climate change becomes clearer, a pressing question remains - how much of our marine environment still needs safeguarding to reach that goal? According to new research from Dynamic Planet and National Geographic Pristine Seas, far more than governments are currently prepared to commit. For the first time, experts have quantified the vast gap between the roughly 8 per cent of global oceans currently under some kind of protection and the 30 per cent target. To close this gap, they say 85 new coastal marine protected areas (MPAs) would need to be established every day until 2030. The study estimates the world needs around 190,000 small MPAs in coastal areas, plus 300 large MPAs in remote offshore waters to meet the 30x30 target. 'Our analysis, which covers over 13,000 MPAs worldwide, quickly revealed how far behind the world really is,' says Juan Mayorga, a co-author of the study and marine data scientist at National Geographic Pristine Seas. 'The exact number of additional MPAs needed depends on their size and the standards for what counts as truly protected, but the scale of the challenge is undeniable.' Marine Protected Areas, or MPAs, are sections of the ocean where human activity is more strictly managed to protect natural or cultural resources. Similar to national parks on land, they aim to conserve marine ecosystems, biodiversity, and cultural heritage, while sometimes also supporting the sustainable use of marine resources within their bounds. MPAs vary in purpose and level of protection. Some are fully protected, prohibiting fishing, drilling, or other extractive activities, allowing marine life to thrive without human interference. Others may allow limited, sustainable use of resources such as small-scale fishing or tourism under regulation. But the primary goal is to preserve important habitats and fragile ecosystems like coral reefs, seagrass beds, and breeding grounds for fish, turtles, and other species. According to the study's authors, coastal MPAs are especially crucial, as most biodiversity and human activity concentrate near the shore. Reaching the target, they say, will require massive commitments from countries with extensive coastlines and marine territories such as Indonesia, Canada, Russia and the United States. The highest need is in East Asia and the Pacific, where 102 large and 75,000 small MPAs are required. A total of 65 large and 33,000 small MPAs are needed across Europe, South Asia, and the Coral Triangle - a biodiverse region encompassing Indonesia, Malaysia, Papua New Guinea, and others. On paper, it appears that some countries have already met the target, but far more action is needed to ensure these areas are truly protected. Nations like Australia, Chile, France and the UK have already surpassed the 30 per cent protection threshold for their waters. But France and the UK accomplished this with a heavy reliance on creating MPAs in their overseas territories. This raises concerns over effective enforcement and impacts on local communities. Many existing protected areas aren't effective either. In the EU, 80 per cent of MPAs lack proper management and offer minimal protection from damaging human activities. So widespread is the problem that many individual country governments and even the EU itself are facing legal action for allowing damaging fishing practices like bottom trawling in these areas. The creation of protected areas has accelerated as concern over ocean health grows. A slew of commitments have been made at the UN Ocean Conference this week, with many governments using the opportunity to unveil new MPAs on the international stage. Colombia, another country that has already surpassed the 30 per cent target, announced the protection of two of the most remote coral reefs in the Caribbean Sea. Together, the new Serranilla and Bajo Nuevo MPAs encompass 3,800 square kilometres, home to a dazzling array of sealife. The Government of Tanzania announced the designation of two new MPAs in highly biodiverse waters off Pemba Island. The North-East Pemba Conservation Area and the South-East Pemba Conservation Area together span over 1,300 square kilometres and protect vital coral reefs, seagrasses, mangroves, and the habitat of threatened sharks and rays. And President Moetai Brotherson of French Polynesia announced the creation of the world's largest MPA, covering almost 5 million square kilometres. Once implemented, the designation will safeguard 220,000 square kilometres near the Society Islands and 680,000 square kilometres near the Gambier Islands. In addition to these fully protected areas where all activity is prohibited, additional artisanal fishing zones will expand the overall protection to 1,086,000 square kilometres, an area around twice the size of continental France. While these are landmark commitments, experts warn that progress remains far too slow. Most countries have not even outlined how they plan to meet the 30x30 target. 'The pace of implementation of marine protected areas is totally inadequate for what the world needs,' says Enric Sala, co-author of the study and founder of National Geographic Pristine Seas. 'We've had too many conferences full of speeches and good intentions; now we need leadership and real action. Without more effective protection now, the ocean won't be able to continue providing for us, especially for coastal communities in the Global South who are already suffering from overfishing and global warming.'

France 24

11-06-2025

• France 24

Brewer Heineken unveils $2.75 bn investment in Mexico

The pledge follows similar moves by companies such as Walmart, Netflix, and Spanish bank Santander, despite tensions with Trump's adminstration over his import tariffs. Heineken will use the investment to fund a new plant and other projects through the end of 2028, its Mexico CEO Oriol Bonaclocha said during President Claudia Sheinbaum's morning news conference. The new factory in the southeastern state of Yucatan will generate around 3,000 direct and indirect jobs, Bonaclocha said. The plan is "a clear sign of confidence in Mexico," Yucatan state governor Joaquin Diaz said. In April, rival brewer Grupo Modelo, which makes Corona beer, announced an investment of more than $3.6 billion in Mexico to modernize its plants. Mexico's economy is considered one of those most vulnerable to Trump's tariffs due to the close trade relations between the two countries. At the same time, Mexico has benefited from tariff relief thanks to a three-way North American free trade agreement that also includes Canada. Sheinbaum is seeking an agreement with Trump to end remaining tariffs, notably on automobiles, steel and aluminum.